How We Buy Houses

We buy houses in New York and we buy houses in any condition. There are no fees or commissions. You can get a free quote FAST.

How Does Our Home Buying Process Work?

Send us your address, pictures and description

Let us discuss details at a time most convenient for you.

You receive our fair no-obligation offer.

If you accept, we can close FAST.

What to expect and when: We make our cash offer to buy your house fast and over the phone (within minutes). Send us pics so we can see the condition of your home so our offer will be most accurate. We attempt to close as soon as you accept our offer. You get cash wired directly into your account or you get a next day check available for pickup or mailed to you.

The Simple Way to Sell Your House

We buy houses across the whole state of New York. We are not Realtors. We do not use the Multiple Listing Service (MLS) to list our properties. As real estate investors, we are the ones who are purchasing your home. We also accept cash, which allows us to close quickly. If you collaborate with us, you will receive our entire offer. There are no fees, charges, or closing costs associated with this transaction.

Selling to us is the total opposite of selling through a real estate agent. We buy houses in their current condition and close quickly. We buy distressed properties and take care of any difficulties or repairs. We even purchase hoarder properties.

How do we buy houses in New York?

How the home-buying process works => In three easy stages, you’ll receive a cash offer. A cash offer for your home is much easier to obtain than you would think! That’s all we do: we buy properties. There are no agents, fees, or repairs. Here’s how to sell a house in three easy steps.

You may have a few critical questions concerning our simple process. These might have to do with how we buy houses for cash or how we work.

Here are some FAQs

Keep reading for the answers to these questions and more.

How does our buying process work?

Our process is intended to be easy. We offer you a free cash offer with no strings attached! Here’s a simplified version of our steps.

Fill out our form and include your contact info. Or, call us to get in touch with a team member.
Once we have received your property details, our team will get to work on your cash offer. Our offers are free, we do not have any conditions when presenting our offer.
If you like our offer or if it makes sense for your situation, great! However, if you have additional questions or concerns, we can always answer those as well.

That’s all there is when it comes to receiving a cash offer!

What we consider when we buy houses

Our team has extensive experience determining the worth of your home, and we always deliver the most competitive price available. We understand how important your house is to you, and we want to make you the best offer possible.

We look at some of the following to provide you with our cash offers:

We will complete our cash offer once you have answered these questions. Because no two houses are the same, we do our best to look at the style, location and condition of your house and provide a strong quote.

What is the formula for calculating a cash offer?

“How much will I get for my house?” is the burning question. If you’ve come this far, you’re going to want to read on. There are, however, a few steps to follow, and once you comprehend them, you will have your answer. So let’s look at how much we can afford to offer on your home.

Our Home Buying Formula

To begin, we apply a formula to make things easier. We’ll go over each of the four parts of our formula. But first, let’s have a look at the formula:

ARV – REPAIRS – TRANSACTION COST – MINIMUM PROFIT = YOUR CASH OFFER

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ARV

To clarify, ARV stands for After Repair Value. The ARV represents what your house is worth as an absolute maximum, based on your local market. This value assumes no need for repairs or deferred management. It’s the retail worth of your home if it’s in good condition and shows well to potential purchasers.

REPAIRS

The fixes that a home requires to achieve ARV are, at best, subjective. It’s not always straightforward to figure out what kind of work you’ll be doing. When upgrading flooring, it’s not uncommon to discover foundation concerns. We may discover plumbing concerns when remodeling a bathroom. We put in a lot of effort to inspect a house before buying it to reduce our risk and make a better offer. The more confident we are in our repairs, the more services we can provide. In the worst-case situation, we’ll have to include some maybes in our proposal so that we can plan some ‘more work to be discovered.

TRANSACTION COSTS

Although there are numerous transaction costs, they can be divided into several kinds. We have loan fees that we must pay to our lender. This would amount to 2-5 % of our entire renovation costs. Loan origination fees and interest-only monthly installments are included in the loan costs. The average realtor charge is 5%, half of that going to the buyer’s agent. Transaction costs are expected to be 15% of our total cost when everything is added up.

MINIMUM PROFIT

Of course, we must make money to continue our marketing efforts and support our families. Our profit margins vary, but we usually aim for a 15% profit margin. This also provides us with some price stability. We’ll be fine if we go over budget and still make 10%. We must be cautious because one large surprise might wipe off half of our gains. We can’t always receive a precise repair estimate, especially when dealing with hoarders. We always use cautious figures, but our 15 % profit estimate relieves the stress of not knowing everything before buying.

YOUR CASH OFFER

When we total up our transaction costs and our minimum profit, we get a 30 % difference between the two. So, ARV – 30% – Repairs = Your Cash is a simple version of our approach. Our offers are always firm and never contain any surprises. You get exactly what we promise. We pay for everything, and you will receive a check for the full amount. This is the allure of selling your home for cash.

What details do we look at?

Condition: What necessary repairs and upgrades are needed for the home to reach it's ARV? We look at the foundation, roof, electrical, plumbing, HVAC, kitchen, bathrooms, and flooring.
Situation: Are there any code violations or tax liens? What is your timeframe to sell? Is the house in probate? Homes with bad tenants require some money to vacate. Homes in rural areas have labor challenges.

Mortgage: What is the balance of your mortgage? It is a win-win if you can get some cash after your mortgage is paid off. If you owe too much, we can still help but only if you are open to creative options.
Tenants: Bad tenants are a problem that we are good at. We weigh the tenants' responsiveness and their willingness to work with us. Bad tenants can cost big, in terms of money as well as time. It can take up to a year to evict a bad tenant!

How long does it take to complete the process?

We close as quickly as possible! We strive to predict potential obstacles and deal with them as they arise. We work non-stop to keep our promise to close quickly.

We will go to work as soon as you accept our offer. We gather all of the information requested by the title organization. This covers our purchase agreement and our EMD (Earnest Money Deposit). Any concerns that we are aware of at the time are addressed. We want to be aware of any potential issues before they cause a delay in closing quickly.

The title company examines the title to ensure that it is clear and transferrable. If there are any title concerns, they must be corrected before proceeding. We acquire our funding and conduct any property inspections on our end. We may invite a few partners and contractors to inspect the property.

The moment you’ve been waiting for has finally arrived! We complete the sale of your home, and you receive your cash! The full process can be completed in as little as seven days. Due to title concerns or require additional information, the average transaction will close in 10-28 days.